Author: Alexander Lee

In the latest quarter, NorthStar reported significant growth with revenue and gross margin increasing by over 60%, according to Michael Moskowitz, the Chair and CEO. The efficient scaling of the business resulted in top-line growth outpacing expenses, showcasing the potential of the business model. Financial Highlights for the Second Quarter Ended June 30, 2024 ("Q2 2024"): Revenue, including managed services fees and net of bonuses, promotional costs, and free bets, reached $7.5 million in Q2 2024, a 61% increase from the previous year. Total wagers at Northstarbets.ca were $225.5 million in Q2 2024, a 41% increase compared to the same…

Mercedes-Maybach recently presented an exquisite convertible during an event in Carmel, California, as part of Mercedes-Benz Group AG’s updated new model strategy following underwhelming results from their initial electric vehicle offerings. The 2026 Mercedes-Maybach SL 680 Monogram Series, a luxurious two-seat convertible with a retractable soft top, is based on the Mercedes-AMG SL 63 and stands as the smallest modern Maybach model to date. This vehicle showcases the brand’s dedication to crafting intricately designed cars, drawing inspiration from the opulent Maybach models of the 1930s. The Mercedes-Maybach SL 680 features distinctive design elements such as the Maybach logo on the…

The utilities sector in Asia has garnered unexpected favor from investors, with indications suggesting that the current rally may continue. The sector is experiencing a resurgence after facing losses in previous years, attributed to supportive local policies and the increasing demand for electricity due to the surge in artificial intelligence technologies globally. Concerns surrounding a potential global economic slowdown and geopolitical tensions have also contributed to the appeal of utility firms, known for their high dividend payouts and defensive stock nature. The MSCI Asia Pacific Utilities Index has shown a remarkable increase of nearly 14% since the beginning of the…

One of the most sought-after Canadian stocks by investors is a leading e-commerce company that has shown impressive growth since its IPO. Despite a decline from its post-pandemic peak, there are indications that this company could once again outperform in the future. The company’s strong fundamentals and growth prospects make it an attractive investment option. With a business model focused on enabling small and medium-sized businesses to establish online shops, the company has a global presence in 175 countries. Recent earnings results have been positive, with a 29% year-over-year growth in adjusted sales and impressive margins and free cash flow…

The stock of Palantir Technologies saw a significant surge on Tuesday, with shares spiking as much as 13.8% before closing at $26.59, up 10.3% for the day. This increase was attributed to the company’s quarterly financial report and positive remarks from management indicating potential future growth. In the second quarter, Palantir reported a 27% year-over-year revenue increase to $678 million, marking a record net income and the company’s seventh consecutive profitable quarter as per GAAP standards. Earnings per share also saw a substantial rise, with a 500% increase to $0.06 and an 80% increase to $0.09 for adjusted EPS. These…

The EU is planning to phase out natural gas sourced from Russia by 2027 due to the ongoing war with Ukraine. Despite being the second largest natural gas producer and exporter globally, Russia’s market share in the EU decreased significantly from 45% in 2021 to 14% in 2023. Russia has shifted its focus towards the east, with China and India now being major markets for its natural gas exports. Global natural gas demand saw a marginal increase of 0.5% in 2023, driven by growth in China, North America, Africa, and the Middle East. China, in particular, experienced a 7.2% rise…

The cannabis industry has attracted increasing attention from investors in recent months following the announcement by the Biden Administration regarding plans to potentially reschedule these substances. Many experts have also indicated that legalization could be the next step forward. Canada has been at the forefront of this issue, and there is anticipation that a legalization initiative may gain traction, especially if President Biden secures another term. There has always been a significant level of political risk associated with investing in the cannabis sector. Some companies in the industry are better positioned than others to capitalize on positive market trends. In…

The worldwide trend towards cleaner and more sustainable energy solutions is currently underway as countries adjust their goals to combat climate change. With global temperatures on the rise, the demand for renewable energy is increasing, leading to significant growth within the industry. Additionally, the rising demand for artificial intelligence is further driving the adoption of renewable energy. Tech industry leaders are looking to utilize clean energy sources to power data centers and other operations. For investors seeking long-term growth opportunities, investing in renewable energy stocks can be a strategic move. Companies like Brookfield Renewable Partners demonstrate strong potential in this…

Key results include: For the second quarter, total revenues increased 20% to $8.4 billion in comparison to the second quarter of 2023. Product sales grew 20%, driven by 26% volume growth, partially offset by 3% lower net selling price. Excluding sales from our Horizon Therapeutics (Horizon) acquisition, product sales grew 5%, driven by volume growth of 10%. Twelve products delivered at least double-digit sales growth in the second quarter, including Prolia ® (denosumab), EVENITY ® (romosozumab-aqqg), Repatha ® (evolocumab), TEZSPIRE ® (tezepelumab-ekko), BLINCYTO ® (blinatumomab), and TAVNEOS ® (avacopan). Our performance included $1.1 billion of sales from our rare disease…

Financial Results Delivered record revenues of $95,573, an increase of $5,668 or 6% over the same period in prior year driven by growth of our key promoted products partly offset by our mature products. Gross margin of $47,337 or 50% of revenues compared to $37,493 or 42% of revenues in the same period in prior year. Adjusted EBITDA 1 was $15,744, an increase of $1,475 or 10% over the same period in prior year. Adjusted EBITDA per share 1 of $0.16, an increase of $0.03 or 23% over the same period in prior year. Net loss was $1,942, compared to…